Charlie Lee and the Litecoin Foundation to join Crypto Invest Summit’s Highly Successful, Hyper-Focused Builders’ Track To Increase Blockchain Development and Adoption
LOS ANGELES, CA, December 12, 2018 – Crypto Invest Summit, the United States’ largest cryptocurrency and blockchain conference has partnered with the Litecoin Foundation, led by Litecoin creator Charlie Lee, to program the portion of the Builders’ Track devoted to Bitcoin, Litecoin and Lightning Network development at this spring’s Crypto Invest Summit. Each Track at Crypto Invest Summit is designed to specialize in various highly sought-after topics with the goal of increasing blockchain usability, development, and collaboration.
Other breakout sessions include the Women in Crypto Track, Security Token & Digital Asset Track, Crypto Trading Track and Healthcare Track. Attendees automatically get all-access passes with every Crypto Invest Summit ticket purchase; seating is limited on a first-come-first-serve basis.
Aside from the the Builders’ Track, Charlie will be featured in a keynote fireside chat on Crypto Invest Summit’s main-stage and the Litecoin Foundation will have booth on the Crypto Invest Summit expo floor.
“I’m really looking forward to Crypto Invest Summit. Education is key,” said Charlie Lee, creator of Litecoin and the Managing Director at Litecoin Foundation. “We are excited to be partnering with Crypto Invest Summit to plan multiple sessions devoted to educating developers about building on the Bitcoin, Litecoin and Lightning networks.”
In a joint statement, Alon Goren and Josef Holm, founders of Crypto Invest Summit and early-stage investment fund GHV said, “Each track is devoted to helping us fulfill our mission of bringing blockchain technologies to the masses. As a long-time builder and advocate for the space, Charlie Lee, and the Litecoin Foundation that he created, are perfect partners to help us create educational content for our thousands of attendees.”
About Crypto Invest Summit: After two sold-out events in 2018, CIS comes back to the Los Angeles Convention Center on April 8-10, 2019. The summit brings together developers, entrepreneurs, startups, angel investors, venture capital investors, retail investors, family offices, real estate investors, startups / entrepreneurs, issuers, exchanges, broker-dealers, service providers, and members of the media. Previous headliners include: Steve Wozniak, Tim Draper, Dan Morehead, Crystal Rose, Mance Harmon, Ran Neu-Ner, Marcus Lemonis, Robert Herjavec, Ami Ben David, Bill Barhydt, Scott Walker, Adam Draper, and Apolo Ohno. More information and press passes at https://cryptoinvestsummit.io
Tech Giants Opt for Ethereum: Why ETH is Still Behind BTC
Amazon Shows Support For Ethereum With a New Managed Blockchain ServiceAmazon has recently made shockwaves across the blockchain industry, when they announced their managed blockchain services in an exciting press release. They say the service will allow users to set up and manage their own decentralized blockchain network with just a few clicks. This is a huge claim considering the difficulty of achieving that task from scratch. The really good news for Ethereum is that the new service will soon have support for the Ethereum network due to some of its unique properties. On their website, they declare that “Ethereum is well suited for highly distributed blockchain networks where transparency of data for all members is important”. This is a huge deal for Ethereum.
Elon Musk Declares His Faith In Ethereum with One WordElon Musk has caused another stir on Twitter, this time in the blockchain world. He did it with a one-word tweet, “Ethereum”. The tweet has gained almost 10,000 retweets since then. That’s a big endorsement coming from one of the greatest tech visionaries of our time. Especially, as it comes when Ethereum has been struggling.
Many Other Companies Are Onboard With Ethereum TooThese are just the most recent additions to the list of big names declaring their support for the Ethereum vision. The Ethereum Enterprise Alliance is a group of big businesses committed to exploring and developing the decentralized technology that Ethereum is built on. The members include some massive names, such as Intel, Microsoft, JP Morgan, Accenture, and Deloitte. JP Morgan has even used the Ethereum technology to build its own blockchain networks for moving some of its enormous sums of money quickly around the globe.
So Why Isn’t Ethereum Number 1 Yet?All this should be enough to propel Ethereum into the stratosphere of development and adoption. But a quick look at the price and market cap numbers shows that Ethereum is even further behind Bitcoin than it was a few years ago. Ethereum has dropped massively since its peak price of over $1,000 and has never recovered to anywhere near those levels. So what’s going on?
The Same Old Scalability ProblemsEthereum has had one serious challenge for the last few years: scalability. Ethereum has never really managed to breach its transaction ceiling of around 26 transactions per second. That level is just not going to cut it out for a major global transaction network. Bitcoin has the same problem, but it has some exciting solutions already being used and tested. The Bitcoin Lightning Network is a “layer 2” solution that is used to scale Bitcoin transactions on top of the core Bitcoin network. Ethereum does have some potential solutions of its own. Ethereum Plasma promises to add a layer 2 solution to the Ethereum network to allow for much higher transaction volumes. However, right now, these projects are still far off proving they can take Ethereum to a global scale.
The Growing Threat of Competitor NetworksPerhaps the biggest reason why Ethereum hasn’t soared to the top spot on the crypto charts is the growing number of serious competitors to Ethereum. Until recently, Ethereum has been the only real choice for developers in need of a global decentralized network to build their applications on. The same with ICO platforms, too. This gave Ethereum the first mover advantage and helped it grow tremendously in its early stages. These days, however, Ethereum has plenty of plausible competitors. Using the Ethereum network isn’t a necessity for developers, it’s a choice. For example, while Amazon plans to support Ethereum for their managed blockchain solutions, it already supports Hyperledger Fabric. The growth of alternative networks and protocols such as EOS, Stellar, Cardano, Tron, Neo, and many more are hurting Ethereum. What’s more, many of these networks already offer much better performance than Ethereum in certain areas. For example, EOS is a protocol designed to build decentralized applications similar to Ethereum’s. But, with a completely different take on its consensus algorithm, it allows for a much higher transaction volume and speed than Ethereum. These competitor networks are now highlighting the weaknesses of Ethereum. They are putting pressure on the Ethereum development team and adding more uncertainty to the future of the Ethereum network.
Bitcoin is Seen DifferentlyBitcoin is facing many of the same technological problems, and even more competitors for its limited use cases. However, Bitcoin has kept growing because it is seen in a different way by buyers. These days, Bitcoin is seen more as ‘digital gold’, than the future central financial platform. Bitcoin buyers know that faster and better competitor networks may arise, but Bitcoin is still the original cryptocurrency. This is why Bitcoin buyers are happy to invest heavily in the cryptocurrency, even as real-world use cases and adoption remain fairly stagnant.
Ethereum Needs to Really CompeteEthereum doesn’t have the same advantages as Bitcoin. If it wants to cement its place as the number one decentralized network in the world, it needs to earn it. It needs to prove its value by developing technology that works in the real world, and applications that get used. Ethereum has got the support of tech giants like Amazon and influencers like Elon Musk. But, if ETH is ever to overtake BTC, it needs to use that support and take it to the next level as soon as possible.
Storecoin’s Third Milestone Token Offering Launching, Ari Paul and BlockTower Capital are Early Backers
- Releasing the alpha network for BlockFin, our parallel and pipelined consensus engine
- Multiple security audits for our BlockFin BFT consensus algorithm
- Begin hosting STORE meet-ups around the world
- Releasing our Governance, Economics, and Security Papers for public peer review
- Hosting the first-ever Conference, a research and governance global gathering
BXB Exchange A new cryptocurrency trading platform has entered the scene to offer services as a digital currency exchange
Taklimakan Network Is Disrupting Social Media Using Blockchain And AI Solutions On A Fully Operational Platform
State-of-the-Art Platform Functionality:
- Investment: Users will be able to ask and attract investment from other users
- E-commerce Marketplace: Users will be able to make purchases and sales using cryptocurrency on a variety of shops
- Crypto Map
- Gamification: Users will be able to compete with each other within the platform
- Chat: Users will be able to communicate with each other in real-time
- News: News aggregator with automatic publication of cryptocurrency news from top sources in a variety of languages
- Market: Cryptocurrency market statistics, capitalization, indices, cryptocurrencies charts and exchange rates, where you can run different comparative analysis
- Trading: Trading signals, strategies, technical and fundamental analysis from top experts of the field are included
- Analytics: There will be analytical reviews and tools
- Education: The platform includes a library with articles, courses, video lectures from top crypto experts
- Blogs: Users are able to create and monetize blog posts
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